607 Pacific Avenue Se Albuquerque, NM 87102

4 Units
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$485,000 Est. $1,786 / mo.*
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Property Type: Quadruplex
Status: Active
Year Built: 1916
Days on Website: 23

Courtesy of Rhino Realty Property Mgmt LLC.

Description

Value add opportunity! There are four detached units on one parcel. 607, 609, 611 Pacific Ave SE and 820 Walter St SE. You can lot split, raise rents to market, split 607 into 2 units, or live in 607 and let the rentals pay your mortgage. 607 unit received a new water heater, swamp cooler, and windows in 2024. The whole unit has fresh stucco as of 2023. 611 has a new TPO roof in the flat section as of 2023. Property is fully occupied with two tenants on month to month. Total monthly income is $3,810. Market rates for rents would bring income up to $4,900.

Open House

Property Details and Features

  • City: Albuquerque
  • Address: 607 PACIFIC Avenue SE
  • Area: 80 - Downtown Area
  • State: NM
  • Zip: 87102
  • County: Bernalillo
  • Directions: From I-25 South take the West exit onto Avenida Cesar Chavez. Take a right onto Walter St SE. Right on Pacific Ave SE.
  • Description: FreeStandingGasRange,Refrigerator
  • Total Bathrooms: 3
  • Construction Materials: Stucco
  • Levels: One
  • Year Built: 1916
  • Details: EvaporativeCooling
  • Flooring: Carpet,Tile,Wood
  • Heating: Central,ForcedAir,HotWater
  • Days on Market: 3
  • Listing Price: 485000
  • Status: Active
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$485,000 - 607 Pacific Avenue Se, Albuquerque, NM 87102
607 Pacific Avenue Se Albuquerque, NM 87102
City: Albuquerque

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